Home Companies Act ROC Slaps penalty for Non-Filing of MGT-09 along with Directors Report

ROC Slaps penalty for Non-Filing of MGT-09 along with Directors Report

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ROC Slaps penalty for Non-Filing of MGT-09 along with Directors Report

ROC Slaps penalty for Non-Submitting of MGT-09 together with Administrators Report

The Registrar of Firms (ROC) within the matter of LA-FIN Monetary Providers Non-public Restricted has imposed penalty of Rs. 35,000 on the Firm and each director and key managerial personnel of the corporate who’s in default.

The Firm LA-FIN Monetary Providers Non-public Restricted is a registered firm below the provisions of the Firms Act, 1956 having its registered tackle: R-Sq., Plot No. 29, Jai Hind CHS. Ltd. N. S. Highway No. 12, JVPD Scheme, Vile Parle (W), Mumbai, Maharashtra-400 049. India, as per the MCA portal.

Information concerning the case:

The corporate has filed a suo-moto utility relating to the case towards them. The applicant states that whereas importing the Director report together with the monetary statements for the yr ended March 31, 2015, the stated extract was erroneously missed resulting from oversight. Additional, all the set of monetary statements, together with MGT 9 together with the Administrators report for the monetary yr ended March 31, 2015, was refiled on-line vide GNL 2 thereby requesting for changing the unfinished/inaccurate attachments filed within the e-form AOC 4 by the Firm earlier.

The undersigned within the train of an influence conferred below sub-Part 3 of Part 454 of the Firms Act, 2013 has issued a listening to discover dated 26.09.2023 to the Firm and Officers in default for giving a chance to be heard and for submissions within the matter, if any. In response to the listening to discover, representatives of the Firm, CS Abdul Karim Kazi and Shri R. Murlimohan appeared and gave consent to adjudicate and move essential orders for adjudicating the penalty as per the provisions of the Firms Act, 2013.

Thus, the presenting officer is of the opinion that the matter in subject for non-compliance with the provisions of part 136 of the Firms Act, 2013 shall be taken up for adjudication below part 454 of the Firms Act, 2013.

Whereas the corporate was required to file monetary statements together with the required annexures in accordance with the related provisions of the Firms Act, 2013. Nevertheless, the corporate didn’t submit an extract of the annual return for the yr ended March 31, 2015, to the registrar of corporations. Additionally, the corporate has failed to offer extra particulars referring to CSR of their administrators’ report. The matter in subject falls below the jurisdiction of the Registrar of Firms, Mumbai and the default is of a civil nature thereby attracting penalties below the provisions of Firms Act, 2013 and the principles made thereunder.

Order:

Having thought of the info and circumstances of the case and after contemplating the elements above, Hereby complete penalty of Rs. 35,000 is imposed on the Firm and each director and key managerial personnel of the corporate who’s in default as per the desk beneath for violation of provisions of part 136 of the Firms Act, 2013.

The Discover shall pay the stated quantity of penalty via the “Ministry of Company Affairs” portal and proof of cost be produced for verification inside 90 days of receipt of this order.

Enchantment towards this order could also be filed in writing with the regional Director (Western Area) inside a interval of 60 days from the date of receipt of this order in Kind ADJ setting forth the grounds of enchantment and shall be accompanied by a licensed copy of this order.

For Official Notification Obtain PDF Given Under:

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